Historic Mexican peso Moroccan dirham

Mexican peso moroccan dirham history for January 2024. The highest quote for this month is 0.59034 (14/01/2024) and the lowest 0.58889 (14/01/2024). The difference between high and low is 0.25.

MXN MAD average rate for January 2024 is 0.57805, the change between 01/01/2024 and 31/01/2024 is -2.95 %.

01 January 20241 MXN = 0.5665 MAD
02 January 20241 MXN = 0.5670 MAD
03 January 20241 MXN = 0.5833 MAD
04 January 20241 MXN = 0.5835 MAD
05 January 20241 MXN = 0.5818 MAD
06 January 20241 MXN = 0.5900 MAD
07 January 20241 MXN = 0.5885 MAD
08 January 20241 MXN = 0.5692 MAD
09 January 20241 MXN = 0.5897 MAD
10 January 20241 MXN = 0.5683 MAD
11 January 20241 MXN = 0.5857 MAD
12 January 20241 MXN = 0.5885 MAD
14 January 20241 MXN = 0.5894 MAD
15 January 20241 MXN = 0.5713 MAD
16 January 20241 MXN = 0.5706 MAD
17 January 20241 MXN = 0.5629 MAD
18 January 20241 MXN = 0.5810 MAD
19 January 20241 MXN = 0.5818 MAD
22 January 20241 MXN = 0.5632 MAD
23 January 20241 MXN = 0.5788 MAD
24 January 20241 MXN = 0.5767 MAD
25 January 20241 MXN = 0.5776 MAD
26 January 20241 MXN = 0.5806 MAD
27 January 20241 MXN = 0.5808 MAD
28 January 20241 MXN = 0.5815 MAD
29 January 20241 MXN = 0.5623 MAD
30 January 20241 MXN = 0.5819 MAD
31 January 20241 MXN = 0.5832 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.
MXN MAD July 2023
MXN MAD August 2023
MXN MAD September 2023
MXN MAD October 2023
MXN MAD November 2023
MXN MAD December 2023
MXN MAD January 2024
MXN MAD February 2024
MXN MAD March 2024
MXN MAD April 2024
MXN MAD May 2024
MXN MAD June 2024
MXN MAD July 2024